• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

3

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

1

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

3

Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
LeadershipBrexit

New British PM Names Cabinet and Says She Needs Time Before Brexit Talks

By
Reuters
Reuters
Down Arrow Button Icon
By
Reuters
Reuters
Down Arrow Button Icon
July 14, 2016, 4:35 AM ET
U.K. Prime Minister Theresa May Makes Her First Statement As The Country's New Leader
Photograph by Bloomberg via Getty Images

Theresa May became Britain’s prime minister on Wednesday with the task of leading it out of the European Union, and quickly named leading ‘Brexit’ supporters including former London mayor Boris Johnson to key positions in her new government.

The former Conservative interior minister, 59, said after being appointed by Queen Elizabeth that she would champion social justice and carve out a bright new future for Britain after last month’s shock referendum vote to quit the EU.

“We will rise to the challenge. As we leave the European Union we will forge a bold new positive role for ourselves in the world, and we will make Britain a country that works not for a privileged few, but for every one of us,” she said outside 10 Downing Street, vacated hours earlier by David Cameron.

Cameron stepped down after Britons rejected his entreaties to stay in the EU, a decision that has set back European efforts to forge greater unity and created huge uncertainty in Britain and across the 28-nation bloc.

May faced immediate pressure from EU leaders to serve formal notice of Britain’s withdrawal and set the clock ticking on a two-year countdown to its final departure.

In phone calls with German Chancellor Angela Merkel and French President Francois Hollande, May said she needed time.

“On all the phone calls, the prime minister emphasised her commitment to delivering the will of the British people to leave the European Union,” a spokeswoman for May said.

“The prime minister explained that we would need some time to prepare for these negotiations and spoke of her hope that these could be conducted in a constructive and positive spirit.”

Just over an hour after entering her new office, she started naming ministers, appointing the steady and experienced foreign minister Philip Hammond to take charge of the finance ministry. He replaces George Osborne, whose determination to balance Britain’s books made him synonymous with austerity.

In a major surprise, May named Johnson, a leading eurosceptic who had until recently been seen as her main rival for the prime minister’s job, to take over as foreign secretary.

Other prominent ‘Leave’ campaigners were also rewarded. One, David Davis, took the key role of Secretary of State for Exiting the European Union. Another, Liam Fox, was named to head a new international trade department.

May herself had sided with Cameron in trying to keep Britain inside the EU, so needed to reach out to the winning Leave side in order to heal divisions in the ruling party and show her commitment to respecting the popular vote. “Brexit means Brexit” has quickly become her new mantra.

By awarding such a senior job to Johnson, she also showed a conciliatory side. The two had clashed over policing in London while Johnson was serving as mayor. And since last month’s vote, for which he campaigned vigorously, Johnson had suffered widespread criticism and ridicule for failing to present a clear Brexit plan and swiftly dropping out of the leadership race.

With his unkempt blonde hair, bumbling humour and penchant for Latin quotations, the man known to Britons simply as ‘Boris’ will be the government’s most colourful figure, but a controversial choice for conducting sensitive diplomacy with world leaders.

Asked by a reporter whether he would apologise to U.S. President Barack Obama for controversially saying the “part-Kenyan” president was biased against Britain because of “an ancestral dislike of the British empire”, Johnson said: “The United States of America will be in the front of the queue.”

The quip was a reference to a comment by Obama during Britain’s EU referendum campaign that the country would be at the back of the queue for trade deals if it voted to leave the bloc.

Among other appointments, rising star Amber Rudd switched from the energy ministry to take May’s old job as Home Secretary.

 

‘Burning Injustice’

May is Queen Elizabeth’s 13th prime minister in a line that started with Winston Churchill. An official photograph showed her curtseying to the smiling monarch.

She is also Britain’s second female head of government after Margaret Thatcher.

Seen as a tough, competent and intensely private person, already being compared to Germany’s Angela Merkel, she must now try to limit the damage to British trade and investment as she renegotiates the country’s ties with its 27 EU partners. She will also attempt to unite a fractured nation in which many, on the evidence of the referendum, feel angry with the political elite and left behind by the forces of globalization.

In comments addressed to ordinary Britons, she spoke of the ‘burning injustice’ suffered by large sections of society: poor people facing shorter life expectancy; blacks treated more harshly by the criminal justice system; women earning less than men; the mentally ill; and young people struggling to buy homes.

Acknowledging the struggles faced by many, May declared: “The government I lead will be driven not by the interests of the privileged few, but by yours. We will do everything we can to give you more control over your lives.”

She spoke of the “precious bond” between the nations of the United Kingdom, implicit recognition of the tensions generated by the referendum in which England and Wales chose to quit the EU, but Scotland and Northern Ireland voted to stay, raising the possibility of a new Scottish vote on independence.

Outside Downing Street, a group of demonstrators chanted: ‘What do we want? Brexit! When do we want it? Now!’

The United States congratulated May and said it was confident in her ability to steer Britain through the Brexit negotiations.

“Based on the public comments we’ve seen from the incoming prime minister, she intends to pursue a course that’s consistent with the prescription that President Obama has offered,” White House spokesman Josh Earnest said.

May’s predecessor Cameron, appearing earlier in Downing Street with his wife Samantha and their three children, delivered his parting remarks to the nation after six years dominated by the Europe question and the aftermath of the global financial crisis.

“It’s not been an easy journey and of course we’ve not got every decision right,” he said, “but I do believe that today our country is much stronger.”

In his last parliamentary session as leader, Cameron took the opportunity to trumpet his government’s achievements in generating one of the fastest growth rates among western economies, chopping the budget deficit, creating 2.5 million jobs and legalising gay marriage.

Yet his legacy will be overshadowed by his failed referendum gamble, which he had hoped would keep Britain at the heart of a reformed EU.

About the Author
By Reuters
See full bioRight Arrow Button Icon

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

Beyond the diploma: Skills that actually get graduates hired
Future of WorkWorkplace Innovation Summit
Beyond the diploma: Skills that actually get graduates hired
By Ashley LutzMay 22, 2026
12 hours ago
satya nadella
AITech
Microsoft reports are exposing AI’s real cost problem: Using the tech is more expensive than paying human employees
By Jake AngeloMay 22, 2026
12 hours ago
She grew Salesforce’s team by 600% in South Asia. Meet one of India’s most powerful women
NewslettersMPW Daily
She grew Salesforce’s team by 600% in South Asia. Meet one of India’s most powerful women
By Angelica AngMay 22, 2026
13 hours ago
Svenja Gudell, chief economist at Indeed
SuccessWorkplace Innovation Summit
Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
By Emma BurleighMay 22, 2026
13 hours ago
Steve Wozniak
SuccessCareers
Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50
By Preston ForeMay 22, 2026
14 hours ago
A year in the life at HP: What matters to its sustainability lead in May 2026? 
EuropeHP
A year in the life at HP: What matters to its sustainability lead in May 2026? 
By Francesca CassidyMay 22, 2026
17 hours ago

Most Popular

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Success
Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
By Preston ForeMay 21, 2026
2 days ago
Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
Success
Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'
By Preston ForeMay 20, 2026
3 days ago
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
Workplace Culture
Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 
By Preston ForeMay 19, 2026
3 days ago
Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
Success
Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
By Emma BurleighMay 22, 2026
13 hours ago
Pay transparency is exposing a bigger problem: Most companies can't explain why they pay what they pay
Workplace Culture
Pay transparency is exposing a bigger problem: Most companies can't explain why they pay what they pay
By Sydney LakeMay 20, 2026
2 days ago
Microsoft reports are exposing AI's real cost problem: Using the tech is more expensive than paying human employees
AI
Microsoft reports are exposing AI's real cost problem: Using the tech is more expensive than paying human employees
By Jake AngeloMay 22, 2026
12 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.